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Transfer of sales proceeds

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(Querist)
07 December 2015 Mr.A who is a person of Indian origin, also a citizen of USA, wants to transfer the sales proceeds of a fixed asset located in India. He is yet to sell the asset. What are the procedures to be followed by him?
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CA CS LAVESH VASYANI

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CA CS LAVESH VASYANI (Expert)
07 December 2015 He needs to check the impact of taxation on sale of fixed asset and need to deposit with the government.

For transfer of proceeds he needs form 15CA & 15CB i.e. certificate from Chartered Accountant.

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